bmpq

Potential SPY wave down Pt2

Short
bmpq Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST

Right on course.
Comment:
Also more porn for put holders
Comment:
Good morning! Another day ahead. gonna be an interesting one.
Things to note:
- Today's predicated ranges: 269-257
- 264, 262.5, 259.2 Important resistances.
To continue this idea we should end high 250s today, 257 would be nice
Tomorrow must break 247
Comment:
269 tested and rejected. Need to break past down 265
Comment:
Either C is not Complete, or its truly V shaped recovery.
Most likely going to be much more drawn out then we thought.
Very real chance to 300
I think we needed to at least close below 269
Closed out all shorts when we went above 272
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.